4720 - 4722 Carpenter Road SE, Olympia, WA 98513
- $550,000
- 1,560
- SqFt
Listing courtesy of Keller Williams South Sound. Selling Office: Real Broker LLC.
- Sold Price
- $550,000
- List Price
- $550,000
- Status
- SOLD
- MLS#
- 2371064
- Closing Date
- Jul 11, 2025
- Days on Market
- 15
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,560
- Area Total SqFt
- 1560
- Annual Tax Ammount
- 4667
- Internet Provider
- buyer to verify
- Lot Size (sq ft)
- 11,325
- Sewer
- Septic Tank
Property Description
Fantastic duplex ready for owner occupant or investor! One side has been thoroughly remodeled and is ready for occupancy. Fresh paint, new flooring, new cabinets/countertops, new tub/shower, mini-split and more. This duplex is the perfect kind of long term real estate investment, units are always rented, vacancy is low. The garages divide the units for noise privacy. Washer/dryer hookup are in the garages. Efficient floor plan w/ 2 bedrooms and 1 bath on each side. Vacant side proforma at $1750 per month, long term tenant in occupied side with room for rent increase over time. Good location for JBLM commuters, near bus line for easy transportation. A real gem!
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Additional Information
- List Date
- 2025-06-26 00:00:00
- Community
- Pattison Lake
- Net Operating Income
- $34,104
- Gross Adjusted Income
- $696
- Gross Scheduled Income
- $34,800
- Total Monthly Income
- $34,800
- Insurance Expenses
- $1,583
- Water/Sewer/Garbage Expenses
- $600
- Gross Rent Multiplier
- 15.8
- Total Expenses
- $7,546
- Cap Rate
- 4.8
- Vacancy Rate
- 2
- Total Number of Units
- 2
- Unit Name
- 4720 - 4722
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1977
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet
- Other Expenses
- 696
- Energy Source
- Electric
- School District
- North Thurston
- Elementary School
- Woodland Elem
- Middle School
- Nisqually Mid
- High School
- Timberline High
- Total Monthly Income
- $34,800
- Gross Scheduled Income
- $34,800
- Vacancy Rate
- 2
- Gross Adjusted Income
- $696
- Tax Year
- 2025
- Insurance Expense
- $1,583
- W/S/G Expenses
- $600
- Total Expenses
- $7,546
- Net Operating Income
- $34,104
- Gross Rent Multiplier
- 15.8
- Cap Rate
- 4.8
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.